Railway System Market - Global Forecast to 2025: The Inclination of Emerging Countries Toward High-Speed Rail for Rapid Transit

4/23/2019, 11:30 AM (Source: GlobeNewswire)

Dublin, April 23, 2019 (GLOBE NEWSWIRE) -- The "Railway System Market by System Type, Transit Type, Application & Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

The global railway system market is estimated to grow at a CAGR of 5.2%, from USD 26.0 billion in 2019 to USD 35.3 billion by 2025

Rising income levels have increased the demand for personal mobility and led to a rise in road traffic in major cities across the globe, which has increased the demand for public transportation such as metros and high-speed trains. The increasing demand for these rolling stocks will fuel the growth of the railway system market. However, refurbishment of existing rolling stock and its capital-intensive nature are inhibiting the growth of the market.

Rolling stock refers to vehicles that move on a railway and includes powered as well as unpowered vehicles such as locomotives, coaches, and wagons. Railway system is considered an essential component or system that helps in the running of rolling stock and provides secondary benefits with regards to safety, comfort, and convenience. The primary goal of the railway system is to power rolling stock while the secondary benefits include air conditioning, train safety system, and train information system.

Due to increasing urbanization, the population in cities has increased at a rapid pace. Currently, urban population accounts for more than 54% of the total population. According to WHO's projection, the urban population is expected to reach 66% of the total population by 2050. According to a report by the United Nations, around 90% of urbanization will be concentrated in Asia and Africa. The increasing urbanization is expected to drive the growth of rapid transit systems such as metro, light rail, electric multiple units, and diesel multiple units. In addition, many countries are increasingly investing in metros to reduce traffic on the roads.

Developing countries such as India, China, Egypt, and Brazil are aggressively investing in the development of metro infrastructure. Currently, the metro systems are operational in 10 cities in India while about 25 new projects are in the pipeline. The Indian government has allocated a fund of USD 2.21 billion for the 2018-2019 metro budget. China plans to invest USD 11.45 billion for the development of urban railway projects in Changchun. These metros are equipped with advanced systems such as train information system, train safety system, and HVAC system. Thus, the increasing number of metro projects will fuel the market for railway systems.

Some of the major players in the railway system market are CRRC (China), Bombardier (Canada), Alstom (France), ABB (Switzerland), and Siemens (Germany). These players have long-term supply contracts with leading service operators. These companies have adopted the strategies of new product developments, acquisitions, agreements, collaborations, expansions, joint ventures, partnerships, and supply contracts to gain traction in the railway system market.

Key Topics Covered:

1 Railway System Market Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers Increase in User Preference for Public Transportation Growing Demand for Energy-Efficient Transport
5.2.2 Restraints Refurbishment of Existing Rolling Stock Capital-Intensive Nature of Rolling Stock
5.2.3 Opportunities Increasing Railway Projects Across the Globe the Inclination of Emerging Countries Toward High-Speed Rail for Rapid Transit Increase in the Use of Railways for Industrial and Mining Activities
5.2.4 Challenges High Overhaul and Maintenance Costs

6 Industry Trends
6.1 Technological Overview
6.1.1 Type of Propulsion System Diesel Electric Hybrid
6.1.2 Train Signaling System Positive Train Control (PTC) Communication/Computer-Based Train Control (CBTC) Automatic/Integrated Train Control (ATC) Passenger Information System (PIS) Automatic Warning System (AWS)
6.1.3 Internet of Trains (IoT in Railways)
6.1.4 Big Data Analytics and Cloud Computing in Railways
6.1.5 Predictive Maintainance
6.1.6 Autonomous Train
6.1.7 High-Speed Trains
6.1.8 Camera System for Trains
6.2 Macro indicator Analysis
6.2.1 Growth of Railway System Market
6.2.2 GDP (USD Billion)
6.2.3 GNI Per Capita, Atlas Method (USD)
6.2.4 GDP Per Capita Ppp (USD)
6.2.5 Macro indicators Influencing the Market, Top 3 Countries Germany US China
6.3 Porter's Five Forces

7 Railway System Market, By Transit Type
7.1 Introduction
7.2 Conventional
7.2.1 Trend of Electrification Will Propel the Demand for Locomotives
7.2.2 Diesel Locomotive
7.2.3 Electric Locomotive
7.2.4 Electro-Diesel Locomotive
7.2.5 Coaches
7.3 Rapid
7.3.1 Increasing Investments By Developing Countries for the Development of Metro Projects Will Boost the Metro Market
7.3.2 Diesel Multiple Unit (DMU)
7.3.3 Electric Multiple Unit (EMU)
7.3.4 Light Rail/ Tram
7.3.5 Metro/Subways

8 Railway System Market, By System Type
8.1 Introduction
8.2 Propulsion System
8.2.1 Growing Demand for Hybrid and Battery Operated Trains Will Propel the Propulsion System Market
8.3 Auxiliary Power System
8.3.1 Asia Pacific is Expected to Be the Fastest Growing Market for Auxiliary Power System
8.4 Train Information System
8.4.1 Europe is Estimated to Be the Largest Train Information System Market
8.5 Train Safety System
8.5.1 Increasing Government Norms Related to Passenger Safety Will Propel Train Safety System Market
8.6 HVAC System
8.6.1 Growing Demand for Comfort Features Will Propel HVAC System Market
8.7 On-Board Vehicle Control
8.7.1 Europe is the Largest Market for On-Board Vehicle Control

9 Railway System Market, By Application
9.1 Introduction
9.2 Freight Transportation
9.2.1 Growing Mining and Industrial Transportation Will Propel Freight Transportation
9.3 Passenger Transportation
9.3.1 Increasing Mass Transportation Due to Increase in Urbanization is Expected to Fuel Passenger Transportation

10 Railway System Market, By Region

11 Competitive Landscape
11.1 Overview
11.2 Market Ranking Analysis
11.3 Competitive Scenario
11.4 Competitive Leadership Mapping

12 Company Profiles
12.1 CRRC
12.2 Bombardier
12.3 Alstom
12.4 ABB
12.5 Siemens
12.6 General Electric
12.7 Hyundai Rotem
12.8 Mitsubishi Heavy Industries
12.9 Toshiba
12.10 Hitachi
12.11 Additional Companies
12.11.1 Construcciones Y Auxiliar De Ferrocarriles (CAF)
12.11.2 Strukton
12.11.3 Woojin Industrial Systems
12.11.4 American Equipment Company
12.11.5 Ingeteam
12.11.6 Calamp
12.11.7 Sinara Transport Machines
12.11.8 Fuji Electric
12.11.9 Skoda Transportation
12.11.10 Medcom

For more information about this report visit https://www.researchandmarkets.com/r/imy0tr

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Related Topics: Rail


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